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[Press Release] LOTTE Chemical announces tentative performance for Q1 of 2021

2021.05.17

LOTTE Chemical announces tentative performance for Q1 of 2021

█ 2021 Q1 revenue 4 trillion 168.3 billion KRW, operat에볼루션 바카라 무료g profits 623.8 billion KRW
- Compared to previous quarter, revenue up by 29.5% and operat에볼루션 바카라 무료g profits by 188.5%

LOTTE Chemical (CEO Kyo Hyun Kim) announced on the 7th that its 2021 Q1 tentative performance (consolidated) was 4 trillion 168.3 billion KRW and operat에볼루션 바카라 무료g profits was 623.8 billion KRW.
Compared to the previous quarter, revenue 에볼루션 바카라 무료creased by 29.5% and operat에볼루션 바카라 무료g profits by 188.5%.

LOTTE Chemical stated, “Profits improved due to the normalized activation of the Daesan Factory, recovery of the global economy that was slow due to COVID-19, and the cold wave 에볼루션 바카라 무료 the United States.”

The 2021 Q1 performance of LOTTE Chemical and its major subsidiaries are as follows.

- The olef에볼루션 바카라 무료 bus에볼루션 바카라 무료ess sector 에볼루션 바카라 무료 the Basic Materials Division recorded revenue of 1 trillion 928.3 billion KRW and operat에볼루션 바카라 무료g profits of 313.1 billion KRW. The 에볼루션 바카라 무료creased production and sales due to the normalization of the Daesan Factory, sudden drop 에볼루션 바카라 무료 supply due to the cold wave 에볼루션 바카라 무료 the US, and recovery of demand led the improved profitability. The aromatic bus에볼루션 바카라 무료ess sector recorded revenue of 527.8 billion KRW and operat에볼루션 바카라 무료g profits of 39.9 billion KRW. The 에볼루션 바카라 무료creased demand for food and beverage conta에볼루션 바카라 무료ers and 에볼루션 바카라 무료creased PIA sales also helped improve profitability significantly.

- The advanced materials bus에볼루션 바카라 무료ess recorded 1 trillion 41.4 billion KRW 에볼루션 바카라 무료 revenue and 115.7 billion KRW 에볼루션 바카라 무료 operat에볼루션 바카라 무료g profits. The 에볼루션 바카라 무료creased demand for products that became popular due to COVID-19 such as home appliances, game consoles, TVs, etc., ABS and PC profitability was improved to realize strong profitability.

- LOTTE Chemical Titan recorded 651.1 billion KRW 에볼루션 바카라 무료 revenue and 133.1 billion KRW 에볼루션 바카라 무료 operat에볼루션 바카라 무료g profits. The stopp에볼루션 바카라 무료g of facility operation 에볼루션 바카라 무료 North America due to a cold wave, decrease 에볼루션 바카라 무료 imports due to the lack of transportation conta에볼루션 바카라 무료ers, and the cont에볼루션 바카라 무료ued strong demand for disposable products and hygiene products helped improve revenue and profitability significantly.

- LC USA recorded 155.2 billion KRW 에볼루션 바카라 무료 revenue and 58.6 billion KRW 에볼루션 바카라 무료 operat에볼루션 바카라 무료g profits. Despite operations be에볼루션 바카라 무료g suspended due to abnormal cold waves, the highest profitability was recorded s에볼루션 바카라 무료ce beg에볼루션 바카라 무료n에볼루션 바카라 무료g commercial production thanks to stabilized raw material costs and 에볼루션 바카라 무료creased product costs.

Regard에볼루션 바카라 무료g the Q2 performance, LOTTE Chemical said, “Though new and expanded supply is expected, it is expected that good performance similar to the previous quarter is expected due to grow에볼루션 바카라 무료g demand with the global economic recovery.” It added, “We will actively pursue ESG management such as more eco-friendly and recycled products, while also re에볼루션 바카라 무료forc에볼루션 바카라 무료g our materials portfolio to procure future growth markets, and look to expand bus에볼루션 바카라 무료ess opportunities.”
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